14 important things you should know about Allianz Funds AZICX mutual fund

Updated: June 28, 2020
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Before we start: if you’re looking for AZICX “stock” price, you can quickly find it out by visiting Finny and typing "AZICX quote". If you’re looking for a quick scoop on AZICX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "AZICX". You’ll get all this info in one place.

Are you looking to buy or sell AZICX? Or perhaps you’re looking for AZICX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this AZICX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: AZICX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: AZICX buy or sell; the pros and cons of investing in AZICX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to AZICX.

And here is the list of questions we’ll answer:

  1. Describe Allianz Funds Multi-Strategy Trust: AllianzGI Structured Return Fund; Class C Shares (AZICX).
  2. What are AZICX holdings?
  3. What is AZICX performance? What are AZICX historical returns?
  4. How many up and down years did AZICX have historically?
  5. What is AZICX dividend yield?
  6. What is AZICX minimum initial investment amount?
  7. What is AZICX expense ratio?
  8. Does AZICX have any sales loads or 12b-1 distribution expenses?
  9. What is AZICX tax efficiency (tax-cost ratio)?
  10. What is AZICX beta? How would you assess AZICX risk?
  11. What is AZICX Sharpe ratio?
  12. What is AZICX Finny Score? AZICX buy or sell?
  13. What are the pros of investing in AZICX? What are AZICX buy reasons?
  14. What are the cons of investing in AZICX? What are AZICX sell reasons?

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe Allianz Funds Multi-Strategy Trust: AllianzGI Structured Return Fund; Class C Shares (AZICX).

The Fund seeks to generate attractive risk-adjusted absolute returns through a complete market cycle. The fund seeks to achieve its investment objective by investing significantly in exchange-traded listed and FLEX US equity index options, while holding cash and cash equivalents as collateral for option investments.

2. What are AZICX top holdings?

AZICX has 0 stock holdings and 0 bond holdings.

The top 5 holdings represent 84.50% of total assets. Here are the top holdings:

Name Symbol % Assets
iShares Core S&P 500 ETF IVV 82.34%
S&P 500 Put Mar20 N/A 0.76%
S&P 500 Put Apr20 N/A 0.50%
S&P 500 Call Mar20 N/A 0.46%
S&P 500 Call Apr20 N/A 0.44%

3. What is AZICX performance? What are AZICX historical returns?

AZICX has generated the following returns:

  • 1-month return is 1.83%;
  • 3-month return is -34.62%;
  • 1-year return is -31.34%;
  • 3-year return is -10.70%;
  • 5-year return is -5.60%.

4. How many up and down years did AZICX have historically?

In the last 10 years, AZICX had 9 up years and 1 down year.

5. What is AZICX dividend yield?

AZICX yield is 0.85%.

6. What is AZICX minimum initial investment amount?

AZICX minimum initial investment amount is $1.00K.

7. What is AZICX expense ratio?

AZICX expense ratio is 1.82%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

8. Does AZICX have any sales loads or 12b-1 distribution expenses?

AZICX 12b-1 distribution fee is 1. AZICX front-end sales load is 0. AZICX back-end sales load is 1.

9. What is AZICX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is 1.47%;
  • 3-year ax cost ratio is 1.18%.

10. What is AZICX beta? How would you assess AZICX risk?

  • 3-year beta is 0.78;
  • 5-year beta is 0.63.

11. What is AZICX Sharpe ratio?

  • 3-year Sharpe ratio is -0.65;
  • 5-year Sharpe ratio is -0.42.

Analysis

12. What is AZICX Finny Score? AZICX buy or sell?

AZICX Finny Score is 29. Our quantitative analysis shows 2 reasons to buy AZICX and 5 reasons to sell it, resulting in the Finny Score of 29.

13. What are the pros of investing in AZICX? What are AZICX buy reasons?

The following are AZICX strengths from our perspective:

  • AZICX 3-year Beta is 0.78, which is inversely correlated with the index (S&P 500 TR USD). The could be good if you're trying to hedge your portfolio.
  • AZICX 5-year Beta is 0.63, which is inversely correlated with the index (S&P 500 TR USD). The could be good if you're trying to hedge your portfolio.

14. What are the cons of investing in AZICX? What are AZICX negatives?

The following are AZICX weaknesses from our perspective:

  • AZICX net assets are $11.60 million. This fund is not a popular choice with retail investors.
  • AZICX 3-year return is -10.7%, which is lower than the 3-year return of the benchmark index (ICE BofA US 3-Month Treasury Bill TR USD), 1.8%.
  • AZICX 5-year return is -5.6%, which is lower than the 5-year return of the benchmark index (ICE BofA US 3-Month Treasury Bill TR USD), 1.19%.
  • Warning: this fund has a 12b1 and deferred sales fee. The maximum 12b1 fee is 1%, while the maximum deferred sales load is 1%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund. Deferred sales load is a back-end sales charge and is imposed when an investor redeems shares.
  • AZICX expense ratio is 1.82%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the AZICX review, we covered AZICX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
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